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MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Benchmark indices rose for a seventh straight session on Friday, their longest winning streak since November 2017

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Markets

SI Reporter  |  New Delhi 

Benchmark indices rose for a seventh straight session on Friday, their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries and ICICI Bank. Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the central bank’s medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. Investors now await January-March corporate results for future direction. IT Major Infosys will kick-start the March-quarter ...

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MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Nifty Metal index ends nearly 1% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) S A I L 76.70 74.00 2.70 3.65 JINDAL STEEL 251.80 243.75 8.05 3.30 WELSPUN CORP 153.00 148.55 4.45 3.00 MOIL 215.00 209.65 5.35 2.55 HINDALCO INDS. 238.50 232.60 5.90 2.54

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Sectoral Trend

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

BSE Sensex: top gainers and losers of the day

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Market at close   The S&P BSE Sensex ended at 34,193, up 92 points while the broader Nifty50 index settled at 10,481, up 22 points.

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows   IDBI Bank has joined the bandwagon of public sector banks (PSBs) rushing to sell their non-core assets to strengthen their balance sheet. Recently, the lender sold a commercial building for Rs 9 billion, taking the total non-core asset sales to over Rs 41 billion in FY18.   Also, the government provided Rs 106.1 billion recapitalisation amount, the highest among PSBs, to this cash-starved bank. But these efforts seem insufficient given the bank’s high net non-performing assets (NPAs) worth Rs 293.5 billion as of December 2017. READ MORE

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Oil heads for biggest weekly gain since July Oil prices edged higher on Friday, heading for their largest weekly gain since July after U.S. President Trump's comments about possible military action in Syria and reports of dwindling global oil stocks. Brent crude rose by 44 cents to $72.46 a barrel at 0821 GMT, up about 8 percent on the week. READ MORE

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

BUZZING STOCK   KPIT Technologies  rose for a third straight session, quoting at Rs 230.5, up 1.86% on the day as on the NSE. KPIT Technologies is up 79.24% in last one year as compared to a 14.96% gain in Nifty and a 33.16% gain in the Nifty IT index.

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Goldman expects sanctions to keep aluminium prices high, sees oil hitting $72 Aluminium prices are expected to remain high and volatile until June because of sanctions on Russia's Rusal, while tensions in the Middle East are likely to push oil prices to $72 a barrel, Goldman Sachs said on Thursday. The bank reinforced its "overweight" view on commodities, with a forecast return of 10 percent over the next 12 months. READ MORE

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

ICEX launches 30 cents diamond futures contracts to attract small investors Reliance ADAG anchored Indian Commodity Exchange Limited (ICEX) has launched 30 cents polished diamond futures contracts on its platform to attract small investors and make natural precious stone popular amongst the average middle class. The exchange currently offers 1 carat (100 cents) and 50 cents polished diamond contracts on its platform where small investors need to wait to take delivery till their invested amount accumulates equivalent to the value of these stones. READ MORE Diamonds

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

TOP CONTRIBUTORS TO SENSEX TODAY COMPANY LATEST CHG(RS) CHG(%) WEIGHT IN INDEX (%) ADANI PORTS 381.85 9.80 2.63 0.97 TCS 3217.50 80.20 2.56 5.08 WIPRO 292.50 5.70 1.99 1.52 INFOSYS 1183.00 20.75 1.79 8.93 DR REDDY'S LABS 2084.40 25.60 1.24 1.56 RELIANCE INDS. 937.40 9.85 1.06 7.22 CLICK HERE FOR THE FULL LIST

MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Market Check   S&P BSE Sensex 34,235.14 0.39%   Nifty 50 10,488.85 0.29%   S&P BSE 200 4,607.73 0.33%   Nifty 500 9,273.00 0.28%   S&P BSE Mid-Cap 16,674.17 0.44%   S&P BSE Small-Cap 17,991.92 0.32%

First Published: Fri, April 13 2018. 15:30 IST
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MARKETS ON FRIDAY: Indices end higher but Nifty fails to hold 10,500-mark

Benchmark indices rose for a seventh straight session on Friday, their longest winning streak since November 2017

Benchmark indices rose for a seventh straight session on Friday, their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries and ICICI Bank. Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the central bank’s medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. Investors now await January-March corporate results for future direction. IT Major Infosys will kick-start the March-quarter ...

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